Nvidia's stock has experienced a nearly tenfold increase in just 18 months, driven by its crucial role in the artificial intelligence (AI) industry1. This growth has led to a $3.1 trillion market cap, accounting for 6.7% of the entire S&P 500 index.
Nvidia's current market cap, as of June 28, 2024, is $3.04 trillion.
Micron's revenue grew by 81% year-over-year in Q3, amounting to $6.8 billion. This growth was driven by increased demand for AI-related products, particularly in the data center and mobile segments.